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The ruling coalition and the opposition camp have agreed to convene a House of Representatives plenary session Thursday to approve the nomination of Toshihiko Fukui as governor of the Bank of Japan.

The agreement was reached Tuesday at a meeting of coalition and opposition representatives on the Lower House Steering Committee.

They also agreed to summon Fukui to testify before the chamber’s Committee on Financial Affairs sometime between Thursday and March 20, they said.

The opposition camp had been demanding to hear Fukui’s monetary policy views before the Diet votes on his nomination.

Fukui would assume the post on March 20 after the current governor, Masaru Hayami, steps down March 19 as his term runs out.

Hidenao Nakagawa, chairman of the LDP’s Diet Affairs Committee, told reporters last Friday, “There is no precedent for a BOJ governor-designate being summoned to testify before the Diet since the current rules were drawn up” five years ago, when the BOJ Law was amended.

On Tuesday, the Steering Committee representatives agreed to discuss drawing up new rules for future use in the Diet approval process of a BOJ governor-designate, the Diet members said.

Fukui, 67, is chairman of Fujitsu Research Institute and was formerly a deputy governor of the central bank.

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